Who is Sam Bankman-Fried, convicted of fraud for the collapse of FTX

Sam Bankman-Fried was found guilty of all seven charges against him.
The founder of the FTX exchange risks being sentenced to 115 years in prison.
But who is Sam Bankman-Fried? 31 years old, son of two jurists at the famous US university of Stanford, he graduated from the Massachusetts Institute of Technology (MIT).
The conviction just received is for wire fraud and conspiracy to commit wire fraud against FTX customers and against creditors of Alameda Research, conspiracy to commit securities fraud and conspiracy to commit commodity fraud against investors of FTX and conspiracy to commit money laundering.
Previously, Sam Bankman-Fried had pleaded not guilty to the charges, all related to the collapse of FTX and the Alameda hedge fund, events dating back to the last quarter of 2022.
Who is Sam Bankman-Fried? It certainly cannot be said that Sam Bankman-Fried is not attracted to risk.
A few years after graduating, the son of two Stanford Law School professors leaves his permanent job on Wall Street to open a cryptocurrency hedge fund in 2017.
Thus began a tortuous series of events that culminated on Thursday, November 2, 2023, with his criminal conviction in what federal prosecutors called “one of the largest financial frauds in the world.” Two years after launching the hedge fund Alameda Research, Bankman-Fried founded FTX, an exchange that allows users to buy and sell cryptocurrencies and other digital assets.
Cryptocurrency prices surged over the next two years, pushing Bankman-Fried's net worth to $26 billion, according to Forbes magazine.
And all this before turning 30.​ read also The fortune of Sam Bankman-Fried, one of the richest swindlers of our time.
Then his association with politics began.
Sam Bankman-Fried has used his wealth to gain political influence, becoming a major supporter of Democratic Party candidates and causes ahead of the 2022 US mid-term elections.
Enjoying life in the Bahamas, Bankman -Fried becomes known for his hair – long, thick, curly, dark hair – and for his poorly maintained outfits, even in front of dignitaries such as Bill Clinton.
Within the cryptocurrency industry – where hacker attacks and money laundering have never been lacking – Bankman-Fried exploited celebrities such as NFL quarterback Tom Brady and comedian Larry David for advertising campaigns that characterized FTX as a secure exchange.
But not only.
The founder of FTX publicly and repeatedly supported the need for regulation related to cryptocurrencies.
Prosecutors, however, are convinced that behind all this was a years-long embezzlement of clients' money.
The peak, again according to prosecutors, was reached in 2022, when cryptocurrency prices collapsed and Bankman-Fried used FTX funds to cover losses in Alameda.
read also Cryptocurrencies, Ftx declares bankruptcy: CEO Sam Bankman-Fried resigns

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